Help! Should I lock?

[equalizer]

Just another lonely voice:

“We are not, however, convinced of the sustainability of the Treasury rally (ten-year yields fell about 50 basis points in response to the news — very similar to the move in the gilt market). However, the scale of the Fed’s proposed purchases of Treasuries (relative to the size of the debt and the deficit) is much smaller than the Bank of England’s purchase (it would have had to be well above $1 trillion to be comparable). In addition, we are not convinced that we are headed for deflation and we worry about the longer-term inflation implications of these purchases. “–RDQ Economics

Hey RDQ, what makes you think Ben wont double/triple down to $1 trillion?

The more the feds spend, the more worried Americans should be and the more they should save.

[eagleeye]

I think I’m going to give my contractor a little more breathing room and hold off a bit on locking. I don’t want to get greedy though. We began this process in late 2007 when we found out the property where we are now building would be coming on the market. We then had to sit patiently on the sideline until the asking price dropped to the point where we eventually purchased it at over 28% off the initial list price. We never thought we’d be looking at interest rates at these levels. In fact, we were worried about the prospect of quite the opposite. By the time we closed on our construction loan in October it seemed likely that our interest rate which is tied to the prime was unlikely to rise anytime soon. Our adjustable rate is prime + 1% but there is a floor of 6%. These are crazy times we are living in.

[eagleeye]

I think I’m going to give my contractor a little more breathing room and hold off a bit on locking. I don’t want to get greedy though. We began this process in late 2007 when we found out the property where we are now building would be coming on the market. We then had to sit patiently on the sideline until the asking price dropped to the point where we eventually purchased it at over 28% off the initial list price. We never thought we’d be looking at interest rates at these levels. In fact, we were worried about the prospect of quite the opposite. By the time we closed on our construction loan in October it seemed likely that our interest rate which is tied to the prime was unlikely to rise anytime soon. Our adjustable rate is prime + 1% but there is a floor of 6%. These are crazy times we are living in.

[eagleeye]

I think I’m going to give my contractor a little more breathing room and hold off a bit on locking. I don’t want to get greedy though. We began this process in late 2007 when we found out the property where we are now building would be coming on the market. We then had to sit patiently on the sideline until the asking price dropped to the point where we eventually purchased it at over 28% off the initial list price. We never thought we’d be looking at interest rates at these levels. In fact, we were worried about the prospect of quite the opposite. By the time we closed on our construction loan in October it seemed likely that our interest rate which is tied to the prime was unlikely to rise anytime soon. Our adjustable rate is prime + 1% but there is a floor of 6%. These are crazy times we are living in.

[eagleeye]

I think I’m going to give my contractor a little more breathing room and hold off a bit on locking. I don’t want to get greedy though. We began this process in late 2007 when we found out the property where we are now building would be coming on the market. We then had to sit patiently on the sideline until the asking price dropped to the point where we eventually purchased it at over 28% off the initial list price. We never thought we’d be looking at interest rates at these levels. In fact, we were worried about the prospect of quite the opposite. By the time we closed on our construction loan in October it seemed likely that our interest rate which is tied to the prime was unlikely to rise anytime soon. Our adjustable rate is prime + 1% but there is a floor of 6%. These are crazy times we are living in.

[eagleeye]

I think I’m going to give my contractor a little more breathing room and hold off a bit on locking. I don’t want to get greedy though. We began this process in late 2007 when we found out the property where we are now building would be coming on the market. We then had to sit patiently on the sideline until the asking price dropped to the point where we eventually purchased it at over 28% off the initial list price. We never thought we’d be looking at interest rates at these levels. In fact, we were worried about the prospect of quite the opposite. By the time we closed on our construction loan in October it seemed likely that our interest rate which is tied to the prime was unlikely to rise anytime soon. Our adjustable rate is prime + 1% but there is a floor of 6%. These are crazy times we are living in.

[SD Realtor]

Good point EQ..

US currency is backed by the full faith and credit of China… Our economy is in great hands, Ben and Timmy. Awesome.

[SD Realtor]

Good point EQ..

US currency is backed by the full faith and credit of China… Our economy is in great hands, Ben and Timmy. Awesome.

[SD Realtor]

Good point EQ..

US currency is backed by the full faith and credit of China… Our economy is in great hands, Ben and Timmy. Awesome.

[SD Realtor]

Good point EQ..

US currency is backed by the full faith and credit of China… Our economy is in great hands, Ben and Timmy. Awesome.

[SD Realtor]

Good point EQ..

US currency is backed by the full faith and credit of China… Our economy is in great hands, Ben and Timmy. Awesome.

[Author]

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